Puma Stock Dropped After Gucci Owner Kering Trimmed Its Stake. Here’s Why. (2024)

FAQs

Why did Puma SE stock drop? ›

Here's Why. Shares in Puma fell on Tuesday after the French luxury group Kering sold part of its stake in the German sportswear company for €656 million ($773 million).

Kering acquired its controlling stake in Puma in 2007 as part of a strategy to complement its luxury portfolio with sports brands. Kering last year sold Electric, the snow-goggles manufacturer, which it acquired via its 2011 purchase of skategear brand Volcom.

Kering Sells Puma Stake for $1 Billion in Shift to Luxury - Bloomberg.

PARIS, May 26 (Reuters) - French luxury goods group Kering (PRTP.PA) said on Wednesday it would sell a 5.9% stake in German sportswear company Puma (PUMG.DE) via a placement to investors. Kering said that following the sale, it expected to retain approximately 4.0% of Puma's outstanding shares.

PUMA SE NPV's analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.

SE fell largely due to known issues. The video game segment has been struggling, and SE guided for the next year to see up to $3.1 billion in bookings. SE did guide for strong growth in e-commerce and financial services. The bookings guidance represents a steep 32% decline from 2021 levels.

Institutional Investors own Puma.

The largest shareholder is the Pinault Francois Family who have a 32.5% stake in the company. Other top shareholders include: Amundi Asset Management SA (3.39%) Norges Bank Investment Management (3.04%)

With his Puma partners, Hussle designed and sold special-edition Puma products, from T-shirts and hoodies to pairs of Clydes, at his The Marathon Clothing store on Slauson Avenue in the Crenshaw area of Los Angeles. It was outside of this store that Hussle was shot and killed on March 31 at the age of 33.

Through one of its subsidiaries, Kering owns 86.25% of Puma's outstanding shares, and has decided it will keep a 15.85% stake in the sport brand, distributing the rest of the shares to Kering shareholders.

A focus on growth

Kering has developed a powerful, integrated business model whose combination of agility, balance and responsibility has spurred the rapid growth of its Houses.

Can you buy stock in Kering? ›

Kering trades on the OTCMKTS under the ticker symbol "PPRUY." How do I buy shares of Kering? Shares of PPRUY stock can be purchased through any online brokerage account.

The parent holding company of Kering is Groupe Artémis. In 2020, Kering made 13.1 billion euros in revenue, 17.5% from the previous year. The group has 30.956 employees and 1.381 stores. Its brands Gucci, Saint Laurent and Bottega Veneta generated 84% of the group's revenue.

Interactive chart of historical net worth (market cap) for Kering SA (PPRUY) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Kering SA net worth as of January 17, 2023 is $75.44B.

In 1999, Gucci was acquired by the French conglomerate Pinault Printemps Redoute, which later became Kering. During the 2010s, Gucci became an iconic 'geek-chic' brand.

Puma has been a public company since 1986, listed on the Frankfurt Stock Exchange.

Sea Ltd (NYSE:SE)

The 29 analysts offering 12-month price forecasts for Sea Ltd have a median target of 87.00, with a high estimate of 159.00 and a low estimate of 40.00.

Decreased market volatility

The higher the overall implied volatility, or Vega, the more value an option has. Generally speaking, if implied volatility decreases then your call option could lose value even if the stock rallies.

Sea's total revenue rose 101% in 2020 and 128% in 2021, and analysts expect its top line to grow at a CAGR (compound annual growth rate) of 24% from 2021 to 2024 -- which implies its annual revenue will nearly double.

Who are Pumas biggest competitors? ›

PUMA competitors include Nike, adidas, Reebok, New Balance and Under Armour.

adidas's brand is ranked #58 in the list of Global Top 100 Brands, as rated by customers of adidas. Their current market cap is $5.62B. PUMA's brand is ranked #63 in the list of Global Top 100 Brands, as rated by customers of PUMA. Their current market cap is $15.21B.

U.S.-based Nike is the world's leading brand in athletic footwear and apparel, and the world's most valuable clothing brand in general. Nike has a higher global revenue than its main competitors, Adidas and Puma, put together.

While he might have a billi in the bank, it's not hugely surprising that Jay-Z is championing a pair of Puma's sneakers. Over the past couple of years he has been quietly working in the background as Puma's creative director of basketball.

After leaving Epic Records, he founded his own record label. Hussle experimented with unorthodox sales strategies by selling expensive copies of certain mixtapes even while the songs were distributed for free.

Is Puma owned by Adidas? Puma has never belonged to Adidas, and it's unlikely the two companies will ever end up merging. Although the brothers behind these companies have both passed away, and the brands have not passed into the hands of their relatives, the feud remains strong.

A French luxury group called Kering owns Gucci.

Originally a family-owned and operated company, they are now a corporate company with over 99% of its shares owned by Kering, which is one of the world's most valuable luxury goods conglomerates.

Gucci is owned by the french holding Kering, which completed its buyout of Gucci in an $8.8 billion deal in 2004. Today Gucci is the group's largest brand, generating over $9.7 billion in 2021 on a $17.64 billion group revenue. Thus representing over 55% of Kering's Group revenues in 2021. The Luxury Wars!

Kering was founded in 1962 by Francois Pinault and was originally called Etablissem*nts Pinault. The company in its initial years was involved in wood trade negotiation and construction materials. It was originally from Brittany, but grew via acquisitions and became a well-recognised national company in France.

To be eligible for the dividend, shareholders must hold at least one Kering share on the record date. The dividend is automatically paid, without any specific required procedure from the shareholder.

Is Kering a good buy? ›

Valuation metrics show that Kering SA may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of PPRUY, demonstrate its potential to outperform the market.

Kering has a significant competitive advantage because the luxury goods it sells are appreciated all over the world. Brands like Gucci and Saint Laurent have made fashion history.

Sign up for a Robinhood brokerage account to watch Kering and buy and sell other stock and options commission-free.

LVMH is among the best companies in the world but is currently overpriced; Kering is inferior but is more attractive at the current price.

For Kering, it is a powerful moral commitment as well as a principle of trust essential to the sustainable development of our business. This culture of integrity is of course based on compliance with laws and regulations, but equally on the commitment of each and every employee to the values of the Group.

Kering Agrees to Pay $1.4 Billion to Settle Gucci Tax Evasion Case.

The House of Alexander McQueen is distinctive for its innovative and uncompromising expression of unbridled creativity. Founded by Lee Alexander McQueen in 1992, the House joined the Kering Group in 2001.

In accordance with the terms disclosed on March 14^th, 2022 and following clearance from the antitrust authorities, Kering Eyewear today announced that it now holds more than 90% of the iconic sunglass brand Maui Jim, with the remaining shares expected to be acquired by year-end.

Sea Ltd (NYSE:SE)

The 29 analysts offering 12-month price forecasts for Sea Ltd have a median target of 87.00, with a high estimate of 159.00 and a low estimate of 40.00. The median estimate represents a +44.66% increase from the last price of 60.14.

Puma Biotech shares drop more than 20% as European OK of breast cancer drug unlikely. Puma Biotechnology Inc. shares fell Tuesday after the biotech company said it will likely not get a positive result on its European marketing application for a breast cancer treatment.

Will SE go up? ›

On average, Wall Street analysts predict that Sea's share price could reach $131.00 by Nov 22, 2023. The average Sea stock price prediction forecasts a potential upside of 147.26% from the current SE share price of $52.98.

Now, the almost 75-year-old brand is making a comeback to fashion. This time, Web3 and the metaverse have entered the cultural arena, and Puma's courtship rides on designing both desirable digital and physical products.

Sea Limited (SE)

Sea Limited has often been dubbed the “Amazon of Southeast Asia,” and that alone makes it worth watching as a potential “next Amazon.” That region of the world has a rapidly growing consumer class — or at least it did until the coronavirus pandemic struck.

SE does not currently pay a dividend.

2022 hasn't been a great year for the stock markets, especially for tech stocks. The tech-heavy Nasdaq index has fallen more than 30% since Jan 2022 and falling into a bear market due to interest rate hikes, rising inflation, macroeconomic uncertainty, global pressures and the strong US dollar.

Biotech startups fail for a variety of reasons but, when you look beyond the obvious causes – such as flawed science, inexperienced leadership, lack of capital and a changed market – several unanticipated commonalities still remain.

Which chemicals has the PUMA company committed to phasing out of its products and supply chain? Perfluorocarbons (PFCs) are used to make shoes and clothes waterproof.

Between 2009 and 2021, the S&P 500's average annual return was a hefty 16.4%, according to New York University. But don't expect anything like those gains in 2023. Investment banks' average price target for the S&P 500 next year is roughly 4,000, implying stocks will rise just 4%.

Tesla Inc (NASDAQ:TSLA)

The 37 analysts offering 12-month price forecasts for Tesla Inc have a median target of 230.00, with a high estimate of 436.00 and a low estimate of 85.00. The median estimate represents a +87.95% increase from the last price of 122.37.

Is SE power a good buy? ›

As on 20th Jan 2023 SEPOWER SHARE Price closed @ 16.30 and we RECOMMEND Sell for LONG-TERM with Stoploss of 18.19 & Strong Sell for SHORT-TERM with Stoploss of 17.38 we also expect STOCK to react on Following IMPORTANT LEVELS.

While he might have a billi in the bank, it's not hugely surprising that Jay-Z is championing a pair of Puma's sneakers. Over the past couple of years he has been quietly working in the background as Puma's creative director of basketball.

PUMA has a healthy combination of a moderate three-year median payout ratio of 30% (or a retention ratio of 70%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits. Besides, PUMA has been paying dividends for at least ten years or more.